Evergreen Capital Management LLC Has $320,000 Holdings in Tyson Foods, Inc. (NYSE:TSN)

Evergreen Capital Management LLC boosted its holdings in Tyson Foods, Inc. (NYSE:TSN) by 5.9% in the second quarter, Holdings Channel reports. The firm owned 5,604 shares of the company’s stock after purchasing an additional 313 shares during the quarter. Evergreen Capital Management LLC’s holdings in Tyson Foods were worth $320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pzena Investment Management LLC grew its holdings in shares of Tyson Foods by 79.2% in the 1st quarter. Pzena Investment Management LLC now owns 10,550,056 shares of the company’s stock valued at $619,605,000 after acquiring an additional 4,662,332 shares in the last quarter. Davis Selected Advisers bought a new position in Tyson Foods in the second quarter valued at approximately $177,439,000. Capital Research Global Investors increased its position in shares of Tyson Foods by 153.2% during the 4th quarter. Capital Research Global Investors now owns 4,827,091 shares of the company’s stock worth $259,456,000 after purchasing an additional 2,920,479 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Tyson Foods by 76.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 3,369,708 shares of the company’s stock worth $181,122,000 after purchasing an additional 1,465,139 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Tyson Foods by 6.2% in the 4th quarter. Wellington Management Group LLP now owns 10,335,646 shares of the company’s stock valued at $555,541,000 after buying an additional 606,518 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their target price on shares of Tyson Foods from $61.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. BMO Capital Markets lifted their price target on Tyson Foods from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Piper Sandler lowered Tyson Foods from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $57.00 to $50.00 in a research note on Wednesday. Finally, Bank of America reduced their target price on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and an average target price of $60.67.

Tyson Foods Stock Performance

Shares of NYSE TSN opened at $59.68 on Friday. Tyson Foods, Inc. has a one year low of $44.94 and a one year high of $66.88. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.82 and a quick ratio of 0.95. The firm has a market cap of $21.31 billion, a price-to-earnings ratio of -33.53, a P/E/G ratio of 0.42 and a beta of 0.78. The stock’s fifty day moving average price is $62.06 and its two-hundred day moving average price is $59.47.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Tyson Foods had a negative net margin of 0.01% and a positive return on equity of 4.97%. The firm had revenue of $13.35 billion during the quarter, compared to the consensus estimate of $13.21 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities analysts forecast that Tyson Foods, Inc. will post 2.82 EPS for the current year.

Tyson Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.49 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.96 annualized dividend and a yield of 3.28%. Tyson Foods’s dividend payout ratio is presently -110.11%.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully cooked meats; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.